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Non-Tech : FedEx (FDX)

FDX 262.11

+1.3%

Nov 7 9:30 AM EST

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To: RICHARD KESSLER who wrote (391)	6/30/1999 9:29:00 AM
From: Ottoman	Read Replies (1) of 524

MEMPHIS, Tenn. (CBS.MW) -- FDX posted stronger-than-expected fourth quarter earnings Wednesday on the back of a $300 million revenue boost, cost controls and lower fuel prices. FDX (FDX: news, msgs), the parent of package delivery specialist FedEx, posted record earnings of 73 cents per share, up 28 percent from 57 cents in the year-ago period. The latest number beat by two cents the 71 cents estimate in a survey of analysts by First Call.

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